Michael fink california8/7/2023 “Whether it’s retail or wholesale, an older, established management structure that may not be relevant anymore.”įink’s path to the industry was anything but predictable. “I honestly believe that the industry will change and that it will happen with a younger point of view,” he said. With that goal in mind, Fink said he plans to place heavy emphasis on technology, garment making and fresh thinking among students. The industry has been coasting along and we haven’t seen any innovation in years. “All the old business models have been thrown upside down. “The entire fashion industry has changed overnight,” he said. “But as for the fashion and retail, those won’t give me a second’s glitch.”įink, who departed Saks during the luxury retailer’s round of 1,100 job cuts in January, sees the industry transformation caused by the recession as an opportunity.
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